The Revolutionary War had wrenching effects on the American economy. What eco- nomic problems became especially acute during wartime? How did the states and the Second continental Congress attempt to address them?

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Answer:

After the revolutionary war America emerged with war debts that they couldn't be easily paid. The US owe money to people for war stamps and it also owe military money which leads to Shays's rebellion.

Paying for the American Revolutionary War was the start of the country's debt. In 1783, the U.S. debt totaled $43 million.

The continental Congress was given the power to raise taxes to cover the Government's costs. In 1789, the U.S. Treasury Department was created to help the country borrow money and manage debt.